Posts Tagged ‘David Penn’

1/11 – ETF Trading – The 200 Day Moving Average

The stock market remains overbought (see the chart of SPY I’ve posted and notice the high RSI(2) value). We’ll patiently wait for a market sell-off to trigger our etf entry signals.

So why not go short here? Our rules tell us to short an etf only when the etf price is less than it’s 200 day moving average. Why is that important? Read more by author by David Penn.

All of the etf trading strategies I use are found in the book by Larry Connors: High Probability ETF Trading. His etf trading strategies have only a few rules and you’ll be able to back-test and apply the strategies to the next trading day. With easy to follow trading strategies, clear explanations, and years of tested results, there is no better place to start finding new trading edges than in High Probability ETF Trading. Get your copy today and be ready for the next trading session. Now available in paperback.

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• 11/10 - ETF Trading - No Trading Today Is this a blow-off top or something more? The stock market has certainly become overbought (see the chart of SPY I've posted - notice the high RSI(2) value). We'll just wait and see what the market will do. So why not go short here? Our rules tell us to short......
• 12/28 - ETF Trading - No Trades Today Good morning. I hope you had a nice Christmas and holiday break. The market drifted higher on lower volume last week - typical of holiday trading and a "Santa Claus" rally. However, the major indices remains overbought as shown in the chart of SPY I've posted. Notice the high RSI(2)......
• 02/18 - ETF Trading - FXI, FXP Put FXI on your watch list today. Consider this etf as a short trade candidate. Should it move higher today, take your first short trading position. For a leveraged trade, consider FXP. Take your first long position in FXP should it move lower today. Though this etf is below its......

• Making Investments For Beginners The general rule of thumb is that it is best to begin investing as early as possible (see 7 Financial Moves To Make In Your 20's).  While ideal, that's not always the way things turn out.  Fortunately it is never too late to get started.  Whether you are fresh out......
• ETF Investing: Why Exchange Traded Funds Are Part of My Portfolio If you’re a first time investor, it’s best to start investing with mutual funds. Mutual funds offer a simple way to garner near instantaneous diversification, the liquidity to buy and sell whenever you want (within limits), along with professional management. In particular, you should consider index funds for their low-cost......
• Currency Trading For Beginners You are probably aware that currency exchange market goes under different names like Forex, fx, foreign exchange. People exchange currencies to try to gain profit. You know that rat of exchange of one currency for another always fluctuates due to economic new of certain country, political news, etc. Let’s consider......